I don't think anyone believes his bullshit story. None of it adds up and they haven't released any useful information. Hell, they won't even confirm that the place is insolvent (even though other sources have). I can't wait for Karpeles to end up in fedral pound me in the ass prison. Regardless of bitcoin regulation, his practices were criminal. There are lots of industries that trade commodities (not unlike Bitcoin) that are not regulated. That doesn't give them open season to start breaking criminal laws.